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Dec 28, 2012
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congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning. >> we do have a chance, an outside chance to get this done. >> we need two words. presidential leadership, on not just taxing rich people. >> reporter: some democratic lawmakers are calling on the house speaker to call house republicans back to work. >> bring the house back now. show up to work. >> reporter: the speaker has ordered republicans back on sunday but democrats want them to return sooner. both sides are blaming each other for the lack of compromise. democrats say house speaker is boehner is holding all the cards. >> the speaker of the house has got to allow a vote. he has got to allow the full house to work the
congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning....
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Jan 1, 2013
01/13
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it's essentially the new fiscal cliff, that deadline. every piece of legislation passed by the house or the senate over the last two years completely expires with this current congress. so you've got to start from scratch. that gives opponents not just on the right, but on the left as well who were not happy with the bill to build opposition, whether it's organized labor or ors or conservatives. that is a huge problem. the president is silent right now, you can guarantee if we move closer to the expiration date, the president will go out here and really engage the public to force the house to consider the bill before it expires, bret? >> bret: ed henry live on the north lawn. thank you. we'll go back to breaking news. we heard mike and ed tonight on the legislation and some of the sticking points here. now white house coapt wendell goler take -- correspondent wendell goler takes a more in-depth look at the bill that passed the senate this morning and is now considered in the house. >> the bill as amended is passed. >> the senate deal pas
it's essentially the new fiscal cliff, that deadline. every piece of legislation passed by the house or the senate over the last two years completely expires with this current congress. so you've got to start from scratch. that gives opponents not just on the right, but on the left as well who were not happy with the bill to build opposition, whether it's organized labor or ors or conservatives. that is a huge problem. the president is silent right now, you can guarantee if we move closer to...
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Dec 31, 2012
12/12
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we are of the fiscal cliff. tonight we will all begin the larger set of tax increases in american history. that is new year's to you from our elected officials. did i also mentioned you are getting a pay raise in the new year as well. all this could have been avoided if congress got its act together, but the doomsday option hit and the president set in motion. there is a chance of some sort of deal, but we have to wait until the new year. let's go directly to washington senior washington correspondent, peter barnes, with details of negotiations. >> reporter: still some pieces being negotiated tonight, particularly on the sequestration, those automatic spending cuts that are supposed to take effect on january 2nd. about $100 billion. about half of that on the past -- defense department. still trying to work through the details of some democratic and republican side. it's unclear if there will actually get to a vote in the senate on that tonight, but they could if they work something out. otherwise we have the fra
we are of the fiscal cliff. tonight we will all begin the larger set of tax increases in american history. that is new year's to you from our elected officials. did i also mentioned you are getting a pay raise in the new year as well. all this could have been avoided if congress got its act together, but the doomsday option hit and the president set in motion. there is a chance of some sort of deal, but we have to wait until the new year. let's go directly to washington senior washington...
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Dec 30, 2012
12/12
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this is a fiscal cliff that we can have 50 days, 60 days down the road. it does not fix the problem if you ill have these taxes on $250,000 and above. as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of stopgap last-second deals. gerri: okay, let's get tyler in here too, are republican strategist. is there any common ground can be found here? i mean, this seems to me like a last-ditch effort. let me tell you what it when it was announced today that there was going to be a meeting at 3:00 o'clock from expectations went through the roof. i think people thought something really big was going to happen at the end of the day. e president s saying that he is modestly optimistic. maybe you would be something by december 31. what do you make of it? >> he is modestly optimistic about no new changes here. youknow, the country needs a leader. no matter what party you are from, that is what we need. that's what we need in the president of the
this is a fiscal cliff that we can have 50 days, 60 days down the road. it does not fix the problem if you ill have these taxes on $250,000 and above. as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of stopgap last-second deals. gerri: okay, let's get tyler in here too, are republican strategist. is there any common ground can be found here? i mean, this seems to me...
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Jan 1, 2013
01/13
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bus. >>> now to a news alert this morning. a fiscal cliff deal has been reached by the senate. this after members approved the deal early this morning in an 89-8 vote. >> the bill now heads to the house where its future in the republican-controlled body remains uncertain. melanie alnwick is live on capitol hill this morning with the latest on this situation. good morning to you. >> reporter: good morning to you. the deal making continue well into the night with the vote coming at 2:00 in the morning. as you said, the vote -- the bill passed 89-8. shortly after the vote, president obama said while neither decembers nor republicans got everything they wanted, this agreement is the right thing to do for our country and the house should pass it without delay. now, house speaker john boehner and his leadership team say they need it review the bill before putting it up for a vote. that could happen late today or perhaps wednesday. in the deal approved by the tonight, income tax rates will stay the same for most americans. individuals making $400,000 and couples making $450,000 will s
bus. >>> now to a news alert this morning. a fiscal cliff deal has been reached by the senate. this after members approved the deal early this morning in an 89-8 vote. >> the bill now heads to the house where its future in the republican-controlled body remains uncertain. melanie alnwick is live on capitol hill this morning with the latest on this situation. good morning to you. >> reporter: good morning to you. the deal making continue well into the night with the vote...
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avert the fiscal cliff. a live picture from times square because in an hour and a half we will celebrate the new year and the million people gathered in times square will be celebrating, but they may want to eat, drink and the merry for tomorrow. as i go live to rich edson on capitol hill, taxes at this point will go up for every american. there is no deal being voted upon as of yet. not only will taxes go up, but spending cuts will begin starting at midnight tonight. rich edson, have we heard from the vice presidents yet? rich: he is still meeting an hour and 15 minutes after that meeting began to address senate democrats to sell them on this deal they have negotiated with mitch mcconnell. to avoid at least a large chunk of the automatic tax increases that are supposed to take effect shielding american, mounds of $450,000 for families, $400,000 for individuals keeping capital gains and dividend rates where they are pleasing amount of money going up to 20% on amounts of more than $450,000 for a family. at th
avert the fiscal cliff. a live picture from times square because in an hour and a half we will celebrate the new year and the million people gathered in times square will be celebrating, but they may want to eat, drink and the merry for tomorrow. as i go live to rich edson on capitol hill, taxes at this point will go up for every american. there is no deal being voted upon as of yet. not only will taxes go up, but spending cuts will begin starting at midnight tonight. rich edson, have we heard...
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Dec 28, 2012
12/12
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. >>> all that "fiscal cliff" talk gave wall street a wild ride today. the dow erased most of its 150- point deficit after promising news from washington. it ended up closing down 18 points. the nasdaq and s&p also closed down a bit. >>> just in tonight, america has lost one of its most decorated and beloved war heroes. general norman schwartzkopf died today. he raised as an army brat spent his life in the military. in vietnam he famously rescued fellow soldiers by marking land mines with shaving cream. but he is best known for commanding the american-led coalition in the 1991 gulf war. his temper earned him that nickname stormin norman. he was 78. >>> a woman called 911 in the middle of the night screaming for help. officers showed up and when it was over they had shot and killed a man. it happened at an apartment complex on creekside drive in walnut creek. officers say that the man confronted them the moment they arrived at the apartment around 3:15 this morning. they won't say what kind of weapon he had but the police say they were forced to shoot him
. >>> all that "fiscal cliff" talk gave wall street a wild ride today. the dow erased most of its 150- point deficit after promising news from washington. it ended up closing down 18 points. the nasdaq and s&p also closed down a bit. >>> just in tonight, america has lost one of its most decorated and beloved war heroes. general norman schwartzkopf died today. he raised as an army brat spent his life in the military. in vietnam he famously rescued fellow soldiers...
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Dec 31, 2012
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comments on where the fiscal cliff talks stand and are you worried about going off the fiscal cliff? it's the "news nation" gut check. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. they don't help single moms. hi! hi! [ sarah ] what happened to our house last year? [ daughters ] it flooded and the water flooded out. yeah. [ sarah ] the red cross arranged the hotel for us. they gave me that break, that leverage, to be able to get it together and take care of them. you know? i feel like we've come full circle. [ daughter 1 ] like that! [ daughter 2 ] this is how i'll do it. [ sarah ] there you go. >>> senate homeland committee chairman lieberman issuing a report on the
comments on where the fiscal cliff talks stand and are you worried about going off the fiscal cliff? it's the "news nation" gut check. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our...
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>>> gop senators gathering a short time ago regarding the fiscal cliff. senator john barrasso joins us where things stand at this very moment. and whether a deal will get hammer through tonight in the senate. that is coming up. do you ever have too much money? i touched the ball before it went out, coach. come on, alex, the ref did not call that! i touche it's their ball. team! alex. alex, good call. ♪ . adam: all this talk about the fiscal cliff could make you forget there are other hot spots in the world so we're going to turn our attention to the middle east and some potentially troubling news from iran. officials there repor a successful test after surface-to-air missile during military drills taking place near the strait of hormuz. the strait, which the iranians have threatened to close, is a crucial passageway for 20% of the world's oil. what could this an here in the united states? with me now is michael rubin, resident scholar at the american enterprise institute and a happy new year to you, sir. what does it mean for the united states? does it
>>> gop senators gathering a short time ago regarding the fiscal cliff. senator john barrasso joins us where things stand at this very moment. and whether a deal will get hammer through tonight in the senate. that is coming up. do you ever have too much money? i touched the ball before it went out, coach. come on, alex, the ref did not call that! i touche it's their ball. team! alex. alex, good call. ♪ . adam: all this talk about the fiscal cliff could make you forget there are other...
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Jan 1, 2013
01/13
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house returns we head back to washington to dig in on the fiscal cliff. >> happy new year. [ male announcer ] there are only so many foods that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. >>> just a half hour now until speaker boehner and the house efficiently get back to work in washington. if there is one thing that's for sure they'll have to make a move sooner rather than later. the speaker wanted the senate to act and now it's the house's turn. coming up i'll talk to one representative about what he expects to happen today. >>> i'm mara schiavocampo. here is a quick look at other stories making news now. today 1 million workers in ten states get a bit of a boost in their pay checks. the minimum wage increases by an
house returns we head back to washington to dig in on the fiscal cliff. >> happy new year. [ male announcer ] there are only so many foods that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three...
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Dec 29, 2012
12/12
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we'll be monitoring those fiscal cliff negotiations, and we'll have news and analysis. we'll also a look back at the year in stocks, and s&p's sam stovall joins us to pre-view what's next for the markets in the year ahead. it could be one of the biggest trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how times have changed. as companies slashed jobs during the great recession worker productivity surged, today, many people are doing the job multiple people once did. >> i think our culture has gone in some direction where we feel like if we took a break we'd be considered irrelevant in the workplace and they don't need me. >> reporter: cary umhau's firm spacious is trying to re- introduce the idea of play to the workplace. tech companies have embraced play for years. at google employees get one day a week to work on their own projects. gmail and google news were born from that free time. >> in
we'll be monitoring those fiscal cliff negotiations, and we'll have news and analysis. we'll also a look back at the year in stocks, and s&p's sam stovall joins us to pre-view what's next for the markets in the year ahead. it could be one of the biggest trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how...
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Dec 29, 2012
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offer on the fiscal cliff. the house minority leader said the meeting moved negotiations forward. so where do we actually stand on all of this? fox business's rich edson is at the white house with more and did they really move this forward and is that a good sign? what do they mean? >> well, adam, they're still assessing the fallout from this meeting, democrats and republicans. leadership returned to the hill right now and basically what we've got from the start of this meeting according to a senior administration official president obama began by offering essentially what he laid out in a speech a week ago which is to keep taxes where they are for families earning less than $250,000 a year and to extend long-term unemployment insurance benefits that is basically just a small slice of what the president had been proposing for quite some time. the administration official also says that the president is putting it on republicans to come up with a counteroffer that they say can pass the house and the senate. if no
offer on the fiscal cliff. the house minority leader said the meeting moved negotiations forward. so where do we actually stand on all of this? fox business's rich edson is at the white house with more and did they really move this forward and is that a good sign? what do they mean? >> well, adam, they're still assessing the fallout from this meeting, democrats and republicans. leadership returned to the hill right now and basically what we've got from the start of this meeting according...
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Dec 29, 2012
12/12
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we'll be monitoring those fiscal cliff negotiations, and we'll have news and analysis. we'll also a look back at the year in stocks, and s&p's sam stovall joins us to pre-view what's next for the markets in the year ahead. it could be one of the biggest trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how times have changed. as companies slashed jobs during the great recession worker productivity surged, today, many people are doing the job multiple people once did. >> i think our culture has gone in some direction where we feel like if we took a break we'd be considered irrelevant in the workplace and they don't need me. >> reporter: cary umhau's firm spacious is trying to re- introduce the idea of play to the workplace. tech companies have embraced play for years. at google employees get one day a week to work on their own projects. gmail and google news were born from that free time. >> in
we'll be monitoring those fiscal cliff negotiations, and we'll have news and analysis. we'll also a look back at the year in stocks, and s&p's sam stovall joins us to pre-view what's next for the markets in the year ahead. it could be one of the biggest trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how...
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gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into persctive. the spending gerri: there is a reason we call this segment back of the envelope. we try to explain in plain english some of the more complicated financial issues. the big issue today, the fiscal cliff. and you may be asking yourself, why is this so importat? what is so cataclysmic about our nation's finances that we need to implement these monster tax increases and make draconian spending cuts. well, if you want to understand the government and its problems, take a lookat these numbers. let's start with tax revenue. these are the nation's tax revenues. what you have your is just over 2 trillion in income. that's all it is really. and look at these euros. a very big number. the spending in the federal budget. you will notice to these numbe
gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into persctive. the spending gerri: there is a reason we call this segment back of the envelope. we try to explain in plain english some of the more complicated...
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Dec 28, 2012
12/12
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she is following just like other americans what's going to happen with the fiscal cliff. >> reporter: representative elect swalwell says his new office in d.c. won't be much bigger, but the responsibilities monumental. his message? >> mom, i'm working for you. i'm receiving your text messages and i'm going to make sure that i stand up for you and the people who i grew up with. >> reporter: swalwell will be the second youngest member of congress when he's sworn in january 3rd. he leaves this sunday for washington d.c. to pick up his new keys to his office. in dublin juliette goodrich, cbs5. >> he better listen to mom. good luck. >>> a storm that left record snowfall in arkansas and some 200,000 customers without power is headed into eastern canada. it kept road workers very busy in the northeast after dumping snow across northern pennsylvania, upstate new york and new england overnight. at least 16 deaths are blamed on this storm that started here in california. >>> while it's nothing like that we've got some weather of our own blowing in with a storm arriving as we speak. a high surf
she is following just like other americans what's going to happen with the fiscal cliff. >> reporter: representative elect swalwell says his new office in d.c. won't be much bigger, but the responsibilities monumental. his message? >> mom, i'm working for you. i'm receiving your text messages and i'm going to make sure that i stand up for you and the people who i grew up with. >> reporter: swalwell will be the second youngest member of congress when he's sworn in january 3rd....
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Jan 1, 2013
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how will the fiscal cliff affect your 401(k) in the early part of the new year? u.s. markets finished on a high note. the dow finished the year above 13,000. a good year for stocks. the fiscal cliff, only the beginning of the drama. three more deadlines over the next three months. federal barrowing has reached the 16.4 trillion debt ceiling. we have two months of head room if they move some stuff around in accounts, the deadline to tackle that is late february, early march. next up, the sequester, a series of automatic cuts in many agencies, they kick the can about two months to march. and then there is the continuing budget resolution which enacts a budget using short-term band aids. it continues to the end of march. liberal senators oppose giving high-income households a pass on tax increase. lawmakers have a grace period to avoid the bulk of tax increases and budget cuts without causing too much damage, that's, of course, assuming the markets don't completely freak out. >> the thing is, we should remind everyone, we actually are over the cliff. we have begun after
how will the fiscal cliff affect your 401(k) in the early part of the new year? u.s. markets finished on a high note. the dow finished the year above 13,000. a good year for stocks. the fiscal cliff, only the beginning of the drama. three more deadlines over the next three months. federal barrowing has reached the 16.4 trillion debt ceiling. we have two months of head room if they move some stuff around in accounts, the deadline to tackle that is late february, early march. next up, the...
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meanwhile amid stay the chaos around the fiscal cliff, the new year actually was ushered in last night. and in many places it happened in grand style. the crowd estimated at 1 million packed new york's times square, and they counted down to 2013. ♪ >> 5, 4, 3, 2 -- happy new year! >> i can't believe i slept through that. and 2013 rolls into las vegas, a spectacular fireworks show lit up the night sky over the vegas strip. check that out. that's pretty cool. >> this is our new year's eve right here. >> this is how losers celebrate new year's, ladies and gentlemen. >> we're geeks. not losers. >> thank you very much. meanwhile other news two planes were damaged at fort lauderdale hollywood airport last night when the wing of a taxiing spirit airline flight clipped the tail section of a parked united airline jet. there was a gash in the tail section of the united plane but no fuel leaked from either aircraft and no injuries were reported. >> still to come on "early start" as we've been reporting, new details on secretary of state hillary clinton's health scare. a blood clot in her head.
meanwhile amid stay the chaos around the fiscal cliff, the new year actually was ushered in last night. and in many places it happened in grand style. the crowd estimated at 1 million packed new york's times square, and they counted down to 2013. ♪ >> 5, 4, 3, 2 -- happy new year! >> i can't believe i slept through that. and 2013 rolls into las vegas, a spectacular fireworks show lit up the night sky over the vegas strip. check that out. that's pretty cool. >> this is our...
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to the fiscal cliff, session lows now, the news does not portend good news with regard to the negotiations down 158 points and as you can tell, a rough day on wall street. stocks falling again, fifth day in a row, by the way, of session lows. 159 points down, red arrows, s&p and russell 2000. just sources from the meeting, but none appear to be positive, and as a result, the dow heading towards the closing bell. the holiday shopping season coming to a close, and the u.s., as we know now, on the edge of the fiscal cliff. what's that mean for retailers in 2013? we have a guest here. i love wisconsin, used to live in green bay, ken, thank you so much. tell me, what do you like when it comes to the retailers in 2013, what's the pick, and explain to me why. >> sure. i think the first place to start is to recognize that we're in an uncertain environment, and it's likely to stay that way given the news flow that we have. we're trying to take a balanced approach, first off, look for well-managed bids business -- businesses, and then can we find areas that may not be impacted by how strong the econ
to the fiscal cliff, session lows now, the news does not portend good news with regard to the negotiations down 158 points and as you can tell, a rough day on wall street. stocks falling again, fifth day in a row, by the way, of session lows. 159 points down, red arrows, s&p and russell 2000. just sources from the meeting, but none appear to be positive, and as a result, the dow heading towards the closing bell. the holiday shopping season coming to a close, and the u.s., as we know now, on...
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welcome back to breaking news cover range on a fiscal cliff deal on capitol hill. democrats got out of their meeting with vice president joe biden. the vice president had been is set to the hill to discuss the deal and he spent much of the past 24 hours working out the details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an income over $450,000. unemployment benefits will be extended. the sequester, automatic spending cuts that would hit a wide range of government programs, including department of defense, will be dedelayed for a two-month period and be paid for with a 50/50 split on tax increases and spending cuts. joining us now is kelly o'donnell what have you learned with the vice president's meeting with senate democrats? >> we were able to talk to some within the meeting, they are in a bit of waiting game, in part because of the legislation, being turned into an actual test that will have the
welcome back to breaking news cover range on a fiscal cliff deal on capitol hill. democrats got out of their meeting with vice president joe biden. the vice president had been is set to the hill to discuss the deal and he spent much of the past 24 hours working out the details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an...
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we will restart in just a moment with the latest on the fiscal cliff. >>> this is a fox news alert. i'm bret baier live in washington. we are following what is developing to be the beginnings of a deal. we heard of a deal all day long between senator mitch mcconnell, the senate minority leader and vice president joe biden. they have been talking nonstop about trying to come to some conclusion. a little bit of a scaled back version of the original grand bargain to deal with the expiring bush era tax cuts and also to deal with the impending sequester, the across-the-board cuts that would hit the pentagon and also domestic spend ising. they have according to the white house and senate republicans reached a deal but vice president biden is up on the senate side right now behind closed doors trying to convince some skeptical senate democrats to sign on to this before this piece of legislation hits the senate floor. we begin with our restart and to tell us exactly where we are at this hour, and this hour by the way is just two hours ahead of 2013. there you see the specifics of the deal.
we will restart in just a moment with the latest on the fiscal cliff. >>> this is a fox news alert. i'm bret baier live in washington. we are following what is developing to be the beginnings of a deal. we heard of a deal all day long between senator mitch mcconnell, the senate minority leader and vice president joe biden. they have been talking nonstop about trying to come to some conclusion. a little bit of a scaled back version of the original grand bargain to deal with the expiring...
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carefully . >>> more breaking news on the fiscal cliff with our john harwood at the white house. what are you hearing, john? >> bill, i just spoke to a republican leadership source in the house of representatives who said the house will not be voting on any potential deal that the senate strikes today. the source said we're not voting on this in the dead of night. what that means is is that technically we will go over the cliff tonight without a legislative solution. the impact of that may not be great because if a deal comes soon after midnight tonight, that would forestall the changes in tax tables that would be the way in which ordinary taxpayers would see the effect of higher rates. and budget sequester talks won't happen in the first day or two of the year. this is significant though because there was some deal that a deal could be struck that could clear the senate on an expedited procedure and clear the house tonight. i'm now told there will be no house votes tonight which means as i said in a technical sense, we go over the cliff. >> good thing it gives them more time to
carefully . >>> more breaking news on the fiscal cliff with our john harwood at the white house. what are you hearing, john? >> bill, i just spoke to a republican leadership source in the house of representatives who said the house will not be voting on any potential deal that the senate strikes today. the source said we're not voting on this in the dead of night. what that means is is that technically we will go over the cliff tonight without a legislative solution. the impact...
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a new year in which we as a country go off the fiscal cliff. they're all about to celebrate. the tax increases are big even if it taxes the senate is still has to pass the house of representatives. this is far from a done deal. rich edson on capitol hill as we await the ball drop and the fiscal cliff to hit. rich: we have just gotten a back of the envelope, unofficial congressional budget office.
a new year in which we as a country go off the fiscal cliff. they're all about to celebrate. the tax increases are big even if it taxes the senate is still has to pass the house of representatives. this is far from a done deal. rich edson on capitol hill as we await the ball drop and the fiscal cliff to hit. rich: we have just gotten a back of the envelope, unofficial congressional budget office.
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Dec 27, 2012
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the gop says there's a new plan moving forward on the fiscal cliff. harry reid says there's not. seems to me more of the same ping-pong we've had over the last few days. >> were no closer to steering away from the cliff. we are much closer to the cliff. the president made a round of calls last night to talk to congressional leaders about the need to get something done. no one has that produced in the form of a bill. senate majority leader mitch mcconnell is saying this is the first contact he's had from a democrat since thanksgiving. you need unanimous continue sent for a lot of things to happen. >> and we're now hearing that the white house is denying there's a new plan from the president. so the white house and harry reid are both denying scott brown and gopas about this new physical cliff plan which puts us back to square one. you tackled this issue of john boehner's control over his conference. in a really interesting way. you basically said he's a substitute teacher in the sense that even when he disciplines folks like holtzcamp who were insubordinate and ripped them of comm
the gop says there's a new plan moving forward on the fiscal cliff. harry reid says there's not. seems to me more of the same ping-pong we've had over the last few days. >> were no closer to steering away from the cliff. we are much closer to the cliff. the president made a round of calls last night to talk to congressional leaders about the need to get something done. no one has that produced in the form of a bill. senate majority leader mitch mcconnell is saying this is the first...
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the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next, no movement on capitol hill, and there was speculation the white house would send a proposal to capitol hill and that has been denied by an aide to the senate majority leader, harry reid taking to the senate floor saying he thinks it looks like we are headed over the fiscal cliff and he hang that on the house. >> if we go over the cliff and it looks like that is where we are headed the house of representatives, with four days left after the first of the year, are not here with the speaker having told them give them 48 hours notice. i can imagine their conscience
the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next,...
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danielle leigh, wbal-tv 11 news. >> maryland could be hard hit if america goes off the fiscal cliff. >> kim dacey is live with the details. good morning. >> we have a lot of federal workers and businesses that rely on the federal government. some say it would affect maryland more so than in other states. there was a report that estimates just how adverse the impact would be. researchers estimate maryland would lose $117 million in federal funding next year. the greater impact could be a huge hit in income tax revenue. the state will lose about $260 million in 2013. at least 53,000 full and part- time jobs would be lost in 2013. >> i have heard as many as 115,000 jobs. so 53,000 jobs would be conservative but i've heard it expressed as even higher. >> many families could wind up paying more taxes. kim dacey, wbal-tv 11 news. >> thank you. if any progress is made, you'll find it first at wbaltv.com. you can read an explanation on how we got here in the first place. >> police continued to search for the suspect involved in a deadly shooting outside of a glen burnie bar. this happened ar
danielle leigh, wbal-tv 11 news. >> maryland could be hard hit if america goes off the fiscal cliff. >> kim dacey is live with the details. good morning. >> we have a lot of federal workers and businesses that rely on the federal government. some say it would affect maryland more so than in other states. there was a report that estimates just how adverse the impact would be. researchers estimate maryland would lose $117 million in federal funding next year. the greater impact...
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happy new year. >> happy new year. >>> and coming up, the fiscal cliff showdown. did the president's midday presser hurt or help the down-the-wire negotiations? >>> and the latest on the prognosis for secretary of state hillary clinton, who rang in the new year in a new york hospital. [ male announcer ] kids grow up in no time... marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. >>> with vice president joe biden acting as the closer, this country is one step closer to getting a fiscal deal done. after the senate vote, the president warned house republicans not to stand in the way. "while neither democrats nor republicans got everything they wanted, this agreement is the right thing to do for our country and the house should pass it without delay." kristen welker is nbc's white house correspondent. kristen, good morning and happy new year to you. what's the white house expecting today? >> reporter: good morning and happy new year to you, chris.
happy new year. >> happy new year. >>> and coming up, the fiscal cliff showdown. did the president's midday presser hurt or help the down-the-wire negotiations? >>> and the latest on the prognosis for secretary of state hillary clinton, who rang in the new year in a new york hospital. [ male announcer ] kids grow up in no time... marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie...
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covering all of the elements of the fiscal cliff here on fox news channel. by the way, it is new year's eve. keep it here. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! the red cross was down here all the time. [ man ] they've given us a lot of heart. in times of need, they're there. ♪ [ kerry ] my dad was watching his house burn. he turned around, and all of a sudden, therwas this guy standing there from the red cross. at a point where i had just lost everything, the idea that there was someone there... that's an amazing thing. ♪ >>> a fox news alert. i'm bret baier live in washington. covering all things fiscal cliff. as we are ticking do
covering all of the elements of the fiscal cliff here on fox news channel. by the way, it is new year's eve. keep it here. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can...
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ashley: the fiscal cliff is the big story. that is not the only thing that could mean major changes for you and your wallet next year. changes for healthcare. that is coming up next. shibani: we are also waiting for the president's remarks live from the white house. we will bring them to you live. ♪ droid dna augmentation initiated. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolng with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. the 952013 kicks off, affordable care act will be front and center. we know there will be an eventful year. what are some of the biggest things we need to keep an eye on >> the biggest thing is the affordable care act. the obama administration sees this as the key here for getting it implemented. there is a problem with that, though. most of the governors do not want to participate. ashley: if they do not participate, does that mean the federal government comes in a
ashley: the fiscal cliff is the big story. that is not the only thing that could mean major changes for you and your wallet next year. changes for healthcare. that is coming up next. shibani: we are also waiting for the president's remarks live from the white house. we will bring them to you live. ♪ droid dna augmentation initiated. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolng with beats audio. wireless charging activated. introducing droid dna...
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is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the big issue has been to get over objections from conservative republicans who are not going to be happy with any potential deal. i just spoke with tom harkin who is a democrat being from iowa. and he's also a leading progressive. he said that he and other progressives might be the ones object or to try to stop any potential deal. the reason he says he's so upset is because he does not like the idea that we have been reporting of keeping the tax cuts in place of income levels up to $450,000. he believes that's too high. the president, as we know, campaigned with a lot of democrati
is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the...
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Dec 29, 2012
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you'll find links and the latest over the battling turnover fiscal cliff. we'll see you here next week on "washington week." good night and happy new year. >> funding for "washington week" is provided by -- >> this rock has never stood still. since 1875 we've been there for our clients through good times and bad. when their needs changed, we were there to meet them. through the years from insurance to investment management, frorealm estate to retirement solutions, we've developed new ideas for the financial chaenge this rockev h ntoas serod s still. and that's one thing that will never change. prudential. corporate fund for "washington week" is provided by -- norfolk southern, boeing. additional funding for "washington week" is provided by the annenburg foundation. the corporation for public broadcasting, and by contributions to your pbs station from vwe]lie like you. thank you.
you'll find links and the latest over the battling turnover fiscal cliff. we'll see you here next week on "washington week." good night and happy new year. >> funding for "washington week" is provided by -- >> this rock has never stood still. since 1875 we've been there for our clients through good times and bad. when their needs changed, we were there to meet them. through the years from insurance to investment management, frorealm estate to retirement...
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gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the scre, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal clff mess that congress has left undone. there is a wholelo of other work that our lawmakers should haveone this year but did not. i will tell you all about it. and we will be rght back the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm uppingy game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? gerri: president obama calling on congress to act to avoid the fisc
gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the scre, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal clff mess that congress has left undone. there is a wholelo of other work that our lawmakers should haveone this year but did not. i will tell you all...
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Jan 1, 2013
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deal to avoid the worst of the fiscal cliff hangover. the bill passed by a wide margin 89-8 setting up a showdown in the house which will convene at high noon on this new year's day. republican mitch mcconnell said the process wasn't pretty but got the job done. >> each of us could spend the rest of the week stusing what a perfect solution would have looked like but the end result would have been the largest tax increase in american history. it took an imperfect solution to prevent our constituents from a very real financial pain. in my view, it was worth the effort. >> nbc's luke russert is live on capitol hill. good morning. happy new year to you. >> good morning, mara. good to see you in the chair. >> thank you very much, sir. so the house republican conference meets at 1:00. is that speaker boehner's best chance to sell this to republicans? >> reporter: it is. this is by no means a done deal. it did get 9 votes in the senate and one would think such a bipartisan vote in that body would correlate over to the house of representatives b
deal to avoid the worst of the fiscal cliff hangover. the bill passed by a wide margin 89-8 setting up a showdown in the house which will convene at high noon on this new year's day. republican mitch mcconnell said the process wasn't pretty but got the job done. >> each of us could spend the rest of the week stusing what a perfect solution would have looked like but the end result would have been the largest tax increase in american history. it took an imperfect solution to prevent our...
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. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax, that was a big sticking point for lawmakers, and now the tax rate goes up to 40% for estates that are valued over $5 million. so if you're under $5 million, you skated there too. other key points are an extension of the long-term unemployment benefits. the renewal of tuition and child care tax credits and then something called the doc fix. it reimburses doctors who take medicare patients. and what about the automatic spending cuts that were supposed to go into effect today? doomsday, yikes. they put those off. but only for two months. t
. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax,...
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a fiscal cliff deal is a new way calculating inflation that would lower social security payments. democrats say they would do it as part of much bigger deal but it was off the table for the smaller deal they are working on. so democrats called it a poison pill. >> at some point, negotiating process, it appears there are things that stopped us from moving forward. i hope we're not there, but we're getting real close. that is why i still hold out hope we can get something done, but i'm not overly optimistic but i'm cautiously optimistic. >> chuck schumer from new york continues to say the things, meaning a deal, always happens at the end. >> gregg: we'll probably hear about the change of cpi which is basically a new way of calculating an index the cost of living and slowing down the growth of sbph like social security. we'll probably hear about. mike, thanks very much. >> arthel: we're going to the white house where president obama is holding firm to his demand and blaming republicans for the failure to reach a deal. the president also appearing on a political talk show this morning
a fiscal cliff deal is a new way calculating inflation that would lower social security payments. democrats say they would do it as part of much bigger deal but it was off the table for the smaller deal they are working on. so democrats called it a poison pill. >> at some point, negotiating process, it appears there are things that stopped us from moving forward. i hope we're not there, but we're getting real close. that is why i still hold out hope we can get something done, but i'm not...
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and then i'm sorry to be the dispenser of bad news, we have the whole fiscal cliff again with the fiscal reputation in terms of the borrowing maximum, the ceiling, which will come due in about a month where they have to raise the debt ceiling. you remember the president said, i'm not going to play that game anymore. unfortunately, he's going to play that game. so we'll have crisis number two, even if they solve this mini crisis today, or tomorrow. >> this white house fallback deal that senator reid is talking about pushing, if it comes to that, talk a little bit about this. >> that is the very minimal. what that is is going back to what he originally proposed. anybody who makes over $250,000, their taxes will go up. this is something that republicans before didn't agree with and the president actually raised it to $400,000. but now maybe they'll pass that, and the extension of unemployment benefits, 2 million people, lose unemployment benefits. if that should happen, they'll say, wait a second, we capitulated on that to fight for another day, because we just had to produce something. >>
and then i'm sorry to be the dispenser of bad news, we have the whole fiscal cliff again with the fiscal reputation in terms of the borrowing maximum, the ceiling, which will come due in about a month where they have to raise the debt ceiling. you remember the president said, i'm not going to play that game anymore. unfortunately, he's going to play that game. so we'll have crisis number two, even if they solve this mini crisis today, or tomorrow. >> this white house fallback deal that...
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cnn's coverage of the fiscal cliff continues right after this.
cnn's coverage of the fiscal cliff continues right after this.
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fiscal cliff deal. we are live with the late-breaking developments as we wait to hear from congressional democrats. and the health crisis facing secretary of state hillary clinton. new details about her condition and how doctors are treating the blood clot that was found near her brain. and a. a young mom facing jail time on child abuse charges, ordered not to get pregnant for the next 13 years. is that legal? our panel weighs in. and a very rare new year's day session for the house. just hours after the senate passed its version of the fiscal cliff bill. >> house democratic leaders speaking now. let's listen in on what they have to say. >> gave us a thoughtful and detailed explanation of what's gone on and how it was that he and the president working with the democratic and republican leaders in both houses were able to come together on this compromise. we first want to say thank you to the vice president for being so gracious. quite honestly so frank in his conversation with us in explaining as much a
fiscal cliff deal. we are live with the late-breaking developments as we wait to hear from congressional democrats. and the health crisis facing secretary of state hillary clinton. new details about her condition and how doctors are treating the blood clot that was found near her brain. and a. a young mom facing jail time on child abuse charges, ordered not to get pregnant for the next 13 years. is that legal? our panel weighs in. and a very rare new year's day session for the house. just hours...
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our starting point in the special fiscal cliff edition of "starting point" is breaking news, a fiscal cliff deal struck in the senate overnight. now our paycheck and the u.s. economy are in the hands of the house of representatives. this is the latest, a bill crafted by vice president joe biden and minority leader mitch mcconnell passed 89-6 margin just after 2:00 in the morning. the republican controlled house has agreed to consider it later in the morning but it is anyone's guess how that will go. if the house votes yes the measure would generate about $600 billion in new revenues over the next ten years. that is a big if, if you listen to what republican congressman phil gingrey said this morning. >> reporter: at one point the live and divide another day you have to dig in your heels and say by golly i'm going to die over this today because it's important to the people of my district and this country. >> are there enough votes in the house to pass this? it will take a combination of democratic and republican votes. if the senate measure does get through the house here is what the p
our starting point in the special fiscal cliff edition of "starting point" is breaking news, a fiscal cliff deal struck in the senate overnight. now our paycheck and the u.s. economy are in the hands of the house of representatives. this is the latest, a bill crafted by vice president joe biden and minority leader mitch mcconnell passed 89-6 margin just after 2:00 in the morning. the republican controlled house has agreed to consider it later in the morning but it is anyone's guess...
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well, it turns out the fiscal cliff is going to be a cliff-hanger. with less than two days until the new year, senate leaders are still trying to work out a deal, to avoid tax increases on almost every american. but, any compromise will do close to nothing about our debt problem. joining us now, to discuss what kind of deal they will and won't vote for, are two key senators, democrat dianne feinstein and republican lindsey graham. senators, welcome back to fox news sunday. >> thank you. >> good morning. >> chris: senator graham, a couple of days ago you said you thought we were going to go over the fiscal cliff and now we are in the midst of a lot of last-ditch bargaining between the senate leaders, reid and mcconnell, what are the chances for a small deal in the next, less than 48 hours to avoid the cliff. >> exceedingly good. i think people don't want to go over the cliff, if we can avoid it. i think, whatever we accomplish, political victory to the president, hats off to him, he stood his ground and will get tax increases, maybe not 250 but upper
well, it turns out the fiscal cliff is going to be a cliff-hanger. with less than two days until the new year, senate leaders are still trying to work out a deal, to avoid tax increases on almost every american. but, any compromise will do close to nothing about our debt problem. joining us now, to discuss what kind of deal they will and won't vote for, are two key senators, democrat dianne feinstein and republican lindsey graham. senators, welcome back to fox news sunday. >> thank you....
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story on facebook. >>> we're following breaking news on the fiscal cliff. looks like there's a deal. the vice president is briefing democratic senators right now. i want to go to that room where they're meeting. dana bash is outside the room where they're meeting right now. a little more than two hours before midnight. here is my sense. >> they should get a roll call tonight because if they let everyone go home and party and do a little new year's eve celebration, they come back tomorrow, who knows what they're going to do if they sleep on it. they better do it tonight if they're going to do it. tell me what you're hearing. >> that is definitely the feeling here, that they have momentum and they have people here on new year's eve. they want to capture that momeantm. they want to strike when the fire is hot. you know, name your cliche, that certainly seems the way things are headed. the question is how quickly can they come from the meeting going on behind here with joe biden, the vice president, and his fellow democrats in the senate, and how quickly can th
story on facebook. >>> we're following breaking news on the fiscal cliff. looks like there's a deal. the vice president is briefing democratic senators right now. i want to go to that room where they're meeting. dana bash is outside the room where they're meeting right now. a little more than two hours before midnight. here is my sense. >> they should get a roll call tonight because if they let everyone go home and party and do a little new year's eve celebration, they come back...
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they're trying to figure out how to avert the so-called fiscal cliff. not a lot of hope of a deal at this point but some argue because the reason is because neither side has an incentive for a deal. do you buy that theory? it's our "news nation" gut check today. you can join us. we are on facebook. there's the address. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> there's a lot going on this last friday of 2012. here's some of the things we thought you should know. tributes continue to come in for general norman schwarzkopf and nick nated stormin' norman for that legendary temper. he died yesterday in tampa of complications of pneumonia. he's credited for the plan that drove saddam hussein's forces out of kuwait during the first gulf war. president obama said in part, quote, we have lost an american original. general schwarzkopf stood fall for the co
they're trying to figure out how to avert the so-called fiscal cliff. not a lot of hope of a deal at this point but some argue because the reason is because neither side has an incentive for a deal. do you buy that theory? it's our "news nation" gut check today. you can join us. we are on facebook. there's the address. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100...